Nifty Expiry Day Pre Market 13/10/2022 Episode 1
Good Morning Everyone,
If we observe the chart in 30 min time frame we can see a head&shoulder pattern followed by a beautiful breakdown and an excellent retest to😁.
Retest is in the form of one of the triangular patterns.
-->Look at the big red breakdown candles. So most people would have shorted CE's or bought PE's.
-->If the price breakout of the pattern to the upside it will just go into a major supply zone. If any rejection from there it will move the market down.
-->So don't be over excited about break out please look for levels where bulls/bears might get trapped and play accordingly otherwise we will get trapped.
-->17035 levels is last swing low in smaller time frame ,breaking this level will make bulls to exit their longs.
-->From my Side just want to give you two levels 17210-15 & 17035-40 When the price is near these two lines plan your trade.
-->If the price is above the line BUY if the price is below the line SELL
-->Don't curse me for giving all the directions its just that we should respect every possibility before market opening at least.
*SECURING THE TRADE AND PROTECTING THE CAPITAL SHOULD BE YOUR FIRST PRIORITY.
*NOT A SUGGESTION VIEWS ARE FOR EDUCATIONAL PURPOSES.
If you think video analysis will be good for better understanding & If you want me to do video analysis pls give a boost. If I can get 2000 boosts overall on my profile I will start doing video analysis. Need motivation very badly.
If we observe the chart in 30 min time frame we can see a head&shoulder pattern followed by a beautiful breakdown and an excellent retest to😁.
Retest is in the form of one of the triangular patterns.
-->Look at the big red breakdown candles. So most people would have shorted CE's or bought PE's.
-->If the price breakout of the pattern to the upside it will just go into a major supply zone. If any rejection from there it will move the market down.
-->So don't be over excited about break out please look for levels where bulls/bears might get trapped and play accordingly otherwise we will get trapped.
-->17035 levels is last swing low in smaller time frame ,breaking this level will make bulls to exit their longs.
-->From my Side just want to give you two levels 17210-15 & 17035-40 When the price is near these two lines plan your trade.
-->If the price is above the line BUY if the price is below the line SELL
-->Don't curse me for giving all the directions its just that we should respect every possibility before market opening at least.
*SECURING THE TRADE AND PROTECTING THE CAPITAL SHOULD BE YOUR FIRST PRIORITY.
*NOT A SUGGESTION VIEWS ARE FOR EDUCATIONAL PURPOSES.
If you think video analysis will be good for better understanding & If you want me to do video analysis pls give a boost. If I can get 2000 boosts overall on my profile I will start doing video analysis. Need motivation very badly.
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